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Note 4 - Summary of Significant Accounting Policies: Revenue Recognition (Policies)
3 Months Ended
Jun. 30, 2012
Revenue Recognition:  
Revenue Recognition

Revenue Recognition

 

Rental income is recognized when earned.  As our lease with the General Services Administration provides for the payment of monthly rental in arrears, a receivable is recorded at the end of each month for the previous month’s rent.  Any above or below market leases acquired are amortized over the lease lives and recorded as an increase or decrease to rental revenue.